MetService - Annual Report 2011 - Crown Ownership Monitoring Unit

Financial statements
Balance Sheets as at 30 June 2011
Group 2011 Group 2010 Parent 2011 Parent 2010
Note $000s $000s $000s $000s
Equity
Issued Capital 6 5,000 5,000 5,000 5,000
Currency Revaluation Reserve (9) – – –
Retained Earnings / (Accumulated Losses) 9,330 7,700 (2,894) (4,096)
Total Equity 14,321 12,700 2,106 904
Liabilities
Bank Advance 12 – 815 – 815
Trade and Other Payables 7 5,464 4,533 3,421 2,800
Amounts Owing to Related Parties 12 – – 7,674 7,944
Employee Benefits 9 1,385 1,535 1,332 1,481
Income Taxation Payable 89 24 – –
Total Current Liabilities 6,938 6,907 12,427 13,040
Deferred Taxation 5 373 311 263 295
Provisions 10 619 610 619 610
Borrowings 11 15,000 9,000 15,000 9,000
Total Non Current Liabilities 15,992 9,921 15,882 9,905
TOTAL Liabilities and Equity 37,251 29,528 30,415 23,849
Assets
Cash and Cash Equivalents 25 887 616 183 76
Trade and Other Receivables 8 5,633 5,204 2,577 2,279
Derivative Instruments 20 – 38 – –
Inventories 13 428 544 428 544
Income Taxation Receivable – – 1,594 734
Total Current Assets 6,948 6,402 4,782 3,633
Property, Plant and Equipment 19 25,173 19,318 23,517 18,247
Investments in Jointly Controlled Entities 14 – 733 – –
Other Intangible Assets 18 5,130 3,075 2,116 1,969
Total Non Current Assets 30,303 23,126 25,633 20,216
TOTAL ASSETS 37,251 29,528 30,415 23,849
The accompanying notes to the financial statements form part of these financial statements.
The Board of Directors of Meteorological Service of New Zealand Limited authorised these financial statements for issue on 23 August 2011.
S Astor, Chairman
D Houldsworth, Audit Chairman
22 Meteorological Service of New Zealand Ltd Annual Report 2011